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Morningstar

PIMCO Mortgage Opportunities and BdInstl PMZIX

Morningstar Medalist Rating
Medalist Rating as of | See PIMCO Investment Hub
  • NAV / 1-Day Return 9.28  /  +0.13 %
  • Total Assets 9.4 Bil
  • Adj. Expense Ratio
    0.600%
  • Expense Ratio 1.350%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity High/Limited
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 7.35%
  • Effective Duration 2.92 years

USD | NAV as of Jul 02, 2024 | 1-Day Return as of Jul 02, 2024, 10:13 PM GMT+0

Morningstar’s Analysis PMZIX

Will PMZIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PMZIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PMZIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PMZIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A standout offering with a focused mandate.

Director Eric Jacobson

Eric Jacobson

Director

Summary

Pimco Mortgage Opportunities overcomes the modest limitations of a focused strategy with some of the best management, analytical, and technological resources in the industry.

by Eric Jacobson
Rated on Published on

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Portfolio Holdings PMZIX

More PMZIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 63.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

RFR USD SOFR/3.75000 06/20/24-5Y CME Receive

29.94 2.8 Bil
Government

Cash Offset

27.42 2.5 Bil
—

Federal National Mortgage Association 6.5%

26.40 2.4 Bil
Securitized

RFR USD SOFR/3.75000 06/21/23-2Y CME Pay

25.45 2.3 Bil
Government

RFR USD SOFR/2.00000 12/21/22-2Y CME Pay

20.20 1.9 Bil
Government

Federal National Mortgage Association 5%

16.32 1.5 Bil
Securitized

RFR USD SOFR/1.75000 06/15/22-10Y CME Pay

16.21 1.5 Bil
Government

10 Year Treasury Note Future June 24

14.97 1.4 Bil
Government

Federal National Mortgage Association 5.5%

13.89 1.3 Bil
Securitized

RFR USD SOFR/4.10000 02/05/24-1Y LCH Pay

13.50 1.2 Bil
Government